81852
Tuesday, February 13, 2018

Tehran Currency Market: No Stopping Forex Bull Run

The latest currency market shock comes despite repeated promises by officials, including President Hassan Rouhani and Governor of Central Bank of Iran Valiollah Seif, that the fluctuations are temporary and triggered by "non-economic factors"
he business community, which has often censured the government for keeping the rial overvalued and advocated a "gradual moderation" of the exchange rate, is now concerned that the volatility could endanger the country's macroeconomic stability
Tuesday, February 13, 2018

Tehran Currency Market: No Stopping Forex Bull Run

The US dollar's bull run in Tehran's foreign exchange market continues unabated: Rial was trading at 49,000 to the dollar, down from 37,700 in mid-2017...

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/PrL3DK
02/13/2018
  1. https://goo.gl/FPgMq6
  • https://goo.gl/T51eNi
  • https://goo.gl/zHLxih
  • https://goo.gl/aaHcL3
  • https://goo.gl/XBuoBU

You can also read ...

CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Add new comment

Trending

Googleplus